Niko Resources Ltd NKRSF

RE:interesting !

[wealth2015]

maybe this is why price for some deep project could be higher than $5.61  "......Main thing, no matter what the government might say about how this is a fair price, no one will explore in the deep waters. So a lot depends on whether higher prices are given for deepwater gas, and that’s where most of India’s gas is to be found. Some scope has been left for this. According to what has been decided, if a field is found to be unviable at $5.61 per mmBtu, the case will be thrown up to the finance ministry which will take a call on whether to allow an exception and, if so, of how much.

So this opens up a potential window for investors to still explore for gas in deep waters. Sadly, it keeps us in the license...